Stock-Based Compensation (Tables)

6 Months Ended

Jun. 29, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Nonvested Performance-based Units Activity [Table Text Block]

PSUs

A summary of the Company's non-vested performance share units ("PSUs") as of and for the six months ended June 29, 2013 is as follows:

	PSUs	Weighted Average Grant Date Fair Value
Unvested at December 29, 2012	—	$	—
Granted	730,500	2.00
Vested	—	—
Forfeited	—	—
Unvested at June 29, 2013	730,500	$	2.00

Schedule of Stock Options Roll Forward [Table Text Block]

Stock Options

A summary of the Company’s outstanding stock options as of and for the six months ended June 29, 2013 is as follows:

	Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (In Years)	Aggregate Intrinsic Value (a) (in thousands)
Outstanding at December 29, 2012	2,226,000		$	7.75	2.7	$	—
Granted	189,500		2.00
Exercised	—		—			$	—
Forfeited	(117,500	)	5.52
Outstanding at June 29, 2013	2,298,000		$	7.39	2.5	$	24
Exercisable at June 29, 2013	1,586,625		$	8.67	2.0	$	—

__________________________

(a) Intrinsic value for purposes of this table represents the amount by which the fair value of the underlying stock, based on the respective market prices at June 29, 2013 or, if exercised, the exercise dates, exceeds the exercise prices of the respective options.

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The weighted-average grant date fair value of stock options granted during the six month period ended June 29, 2013, were at exercise prices equal to the market price of the stock on the grant dates, as calculated under the Black-Scholes Model with the weighted-average assumptions as follows:

Weighted average fair value of option grants during the year	$	1.01
Assumptions:
Expected option life in years	4.25
Risk-free interest rate	0.50		%
Expected volatility	65.7		%
Expected dividend yield	0.0		%

The risk-free interest rate represents the United States Treasury Bond constant maturity yield approximating the expected option life of stock options granted during the period. The expected option life represents the period of time that the stock options granted during the period are expected to be outstanding, based on the mid-point between the vesting date and contractual expiration date of the option. The expected volatility is based on the historical market price volatility of the Company’s common stock for the expected term of the options, adjusted for expected mean reversion.

Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]

RSUs

A summary of the Company’s non-vested restricted share units ("RSUs") as of and for the six months ended June 29, 2013 is as follows:

	RSUs		Weighted Average Grant Date Fair Value
Unvested at December 29, 2012	1,074,340		$	5.44
Granted	549,500		2.00
Vested	(352,500	)	6.29
Forfeited	(1,250	)	5.62
Unvested at June 29, 2013	1,270,090		$	2.85

The total fair value of RSUs, which vested during the three and six months ended June 29, 2013, was $0.4 million and $0.9 million, respectively, as of the respective vesting dates.